Growth concerns return
• Growth jitters. A run of weaker than expected data and ‘hawkish’ rhetoric from central bankers has generated renewed growth worries.• Shaky sentiment. Negative growth signals dampened risk appetite. US equities, bond yields, oil, and metals prices a bit lower overnight.• AUD lifts. Despite the backdrop AUD lifted a little. We doubt the move can be sustained. Looking ahead, May tends to be a negative month for the AUD. Growth concerns are back in focus following a string of weaker than anticipated data, cautious tone about the outlook in some corporate earnings results, and ‘hawkish’ rhetoric from central bank officials....